FBR notifies transfer, postings of BS-20-21 IRS officers

ISLAMABAD: Federal Board of Revenue (FBR) has notified transfer and postings of senior officers of Inland Revenue Service (IRS) of BS-20-21 with immediate effect and until further orders. Read more »

FBR issues SROs to withdraw additional, customs duty on import of cotton

ISLAMABAD: Federal Board of Revenue (FBR) has exempted customs duty and additional customs duty on import of cotton for the period of February 01 to June 30, 2019. Read more »

Commerce ministry adds non-textile product to claim drawback

ISLAMABAD: The ministry of commerce has issued corrigendum to SRO 711(I)/2018 dated June 08, 2018 and added another meat product for allowing non-textile drawback of duty and taxes.     The ministry... Read more »

Income Tax Ordinance 2001: Recovery from persons holding money of taxpayer

KARACHI: Federal Board of Revenue (FBR) or its offices have been empowered under the law to recovery tax from a person, who is holding money of a taxpayer. Read more »

FBR recovers over Rs5.4 billion from 0.2 million tax dodgers

ISLAMABAD: Federal Board of Revenue (FBR) has recovered over Rs5.4 billion from 0.2 million tax dodgers, said a report. The report showed performance of FBR’s Broadening of Tax Base (BTB) for the... Read more »

FBR issues new valuation table for 28 areas in Rawalpindi

ISLAMABAD: Federal Board of Revenue (FBR) has issued new valuations of immovable properties in Rawalpindi for determination of income tax on transactions of buying and selling.     The FBR issued new... Read more »

Simple return form to be introduced; to be filed through mobile phones: Hammad Azhar

KARACHI: In order to facilitate taxpayers the government will introduce a simple return form that can be filed through mobile phones in just few minutes. While talking to a local TV, State... Read more »

Pakistan Customs warns tea importers of legal action on non-compliance

KARACHI: Pakistan Customs has warned tea importers of legal proceedings in case they fail to provide certificate of Pakistan Tea Association at the time of clearance, sources said on Saturday. Model Customs... Read more »

Immovable Properties: FBR issues new valuation table for 339 areas in Peshawar

ISLAMABAD: Federal Board of Revenue (FBR) has issued new valuation table of immovable properties for 339 areas in Peshawar for determination of income tax at the time of transaction of sale and... Read more »

FBR enhances immovable property valuations for Islamabad

ISLAMABAD: Federal Board of Revenue (FBR) on Friday increased the valuation of immovable properties in Islamabad for determination of income tax on transaction of sale/purchase.     The FBR issued SRO 117(I)/2019... Read more »

FBR enhances valuation of immovable properties in Lahore city

ISLAMABAD: Federal Board of Revenue (FBR) has increased valuation of immovable properties in Lahore for determination of income tax on sale/purchase transactions.       The FBR issued SRO 121(I)/2019 on Friday... Read more »

FBR increases valuation by 20pc for Karachi immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) has increased valuation by around 20 percent for immovable properties located in Karachi. Read more »